CHICAGO, May 1, 2023 (GLOBE NEWSWIRE) — global The text-to-video AI market Size to grow at a compound annual growth rate (CAGR) of 37.1% during the forecast period, from US$100 million in 2022 to US$900 million by 2027, According to a new report by MarketsandMarkets™. Realistic AI avatars that add social components to videos to make them dynamic are driving the growth of the text-to-video AI market.
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Reporting scope
| Reporting metrics | detail |
| Market size available for several years | 2018–2027 |
| Base year considered | 2021 |
| Forecast period | 2022–2027 |
| prediction unit | Value ($ million/$ billion) |
| Target segment | By Component, Deployment Mode, Organization Size, End User, Industry, and Region |
| Target area | North America, Europe, Asia Pacific, Middle East and Africa, Latin America |
| Target company | GliaCloud (Taiwan), Designs.ai (Singapore), Pictory (US), Raw Shorts (US), Wochit (US), Vimeo (US), Vedia (US), Lumen5 (Canada), Synthesia (UK), Steve AI (US), InVideo (US), Meta (US), Hour One (Israel), Google (US), Elai.io (US), Peech (Israel), Wave.video (US), DeepBrain AI (Korea), D-ID (Israel), Yepic AI (UK), Movio (US), KLleon (Korea), Synthesys (UK), VEED (UK), and Ezoic (US) |
The scope of this report covers the text-to-video AI market by component, deployment mode, size of organization, end user, industry vertical, and region.
By component, the software segment is estimated to account for the largest market share. Text-to-Video AI software tools are AI-powered solutions designed to transform raw input text or audio into animated, character-centric video content. These solutions give you the option to choose from different AI avatars, multiple languages, different voices, desired music, built-in video templates, transition effects, and modern editing options to produce high-quality videos. It offers many features with
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By deployment mode, the cloud segment is estimated to account for the highest CAGR during the forecast period. Cloud-based deployments offer several benefits to organizations such as scalability, capacity flexibility, enhanced collaboration, reduced maintenance costs, and 24/7 data access for devices anytime, anywhere. Infrastructure-intensive users prefer cloud-deployed solutions that offer scalability, agility, and more capabilities than on-premises solutions at affordable costs.
North America is projected to hold the largest market share among other regions in the text-to-video AI market, and this trend is projected to continue through 2027. The United States and Canada are the major countries in this region. These countries have achieved sustainable and well-established economic growth, increased investment in R&D activities, and contributed to the development of the text-to-video AI market.
market players
Key vendors covered in the text-to-video AI market include GliaCloud (Taiwan), Designs.ai (Singapore), Pictory (US), Raw Shorts (US), Wochit (US), Vimeo (US), Includes Vedia (US). ), Lumen5 (Canada), Synthesia (UK), Steve AI (US), InVideo (US), Meta (US), Hour One (Israel), Google (US), Elai.io (US), Peech (Israel) , Wave.video (US), DeepBrain AI (Korea), D-ID (Israel), Yepic AI (UK), Movio (US), KLleon (Korea), Synthesys (UK), VEED (UK), and Ezoic ( usa).
Frequently Asked Questions (FAQ)
What is Text-to-Video AI?
Text-to-video AI is an AI technology that takes text as input and produces video as output. This technique is inspired by the text-to-image model. According to Raw Shorts, text-to-video is an automated platform that uses AI to scan for key ideas in the text you provide. Then search for relevant media assets, create a video timeline, and generate an audio narration.
Who are the key vendors in the text-to-video AI market?
Key vendors operating in the text-to-video AI market include GliaCloud (Taiwan), Designs.ai (Singapore), Pictory (US), Raw Shorts (US), Wochit (US), Vimeo (US), Includes Vedia (US). ), Lumen5 (Canada), Synthesia (UK), Steve AI (US), InVideo (US), Meta (US), Hour One (Israel), Google (US), Elai.io (US), Peech (Israel) , Wave.video (US), DeepBrain AI (Korea), D-ID (Israel), Yepic AI (UK), Movio (US), KLleon (Korea), Synthesys (UK), VEED (UK), and Ezoic ( usa).
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